31 Mar 2021
Assets33.84
Total Income51.85
Profit After Tax5.09
NET Worth15.25
Total Borrowing5.02
At a glance
Updated 2026-09-14The shares listed at ₹186.20, a 90.00% move from the issue price. Emmforce Autotech is a SME IPO with an issue size of ₹53.90 crore, proposed for listing on BSE SME. The offer opens on 23rd Apr 2024 and closes on 25th Apr 2024. The issue structure includes a fresh issue of ₹51.19 crore. The current listing schedule points to 30th Apr 2024.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹53.90 Cr
Fresh issue₹51.19 Cr
Face value₹10
Price band₹93.00–₹98.00
Allotment26th Apr 2024
Listing30th Apr 2024
Listing performance
Full performance ↗Issue price₹98.00
Listing price₹186.20
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹130.00
GMP / upper price132.65%
Est. listing₹228.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Apr 2024
Closes25th Apr 2024
Allotment26th Apr 2024
Refund29th Apr 2024
Demat29th Apr 2024
Listing30th Apr 2024
Subscription demand
Full bidding ↗Total364.37×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹117,600 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Investment in Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in form of equity or debt for meeting the requirement of working capital and margin money for term loan of Subsidiary Company. | ₹10.00 Cr |
| To Meet Working Capital Requirement of our Company | ₹27.00 Cr |
| General Corporate Expenses | ₹12.90 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue47.90₹ Cr · -1.7% vs prior year
PAT5.12₹ Cr · +16.6% vs prior year
Assets55.97₹ Cr · +14.3% vs prior year
Net Worth15.00₹ Cr · -36.0% vs prior year
Borrowing24.04₹ Cr · +56.6% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets52.57
Total Income71.38
Profit After Tax7.33
NET Worth21.29
Total Borrowing16.51
31 Mar 2023
Assets48.95
Total Income48.75
Profit After Tax4.39
NET Worth23.45
Total Borrowing15.35
31 Oct 2023
Assets55.97
Total Income47.90
Profit After Tax5.12
NET Worth15.00
Reserves and Surplus0.44
Total Borrowing24.04
KPIs
| KPI | Oct 31, 2023 |
|---|---|
| RoNW | 2.83% |
| PAT Margin | 8.42% |
| Price to Book Value | 9.52 |
Valuation & shareholding
Pre-IPO EPS2.93
Post-IPO EPS4.28
Pre-IPO P/E33.5
Post-IPO P/E22.9
Promoter holding pre100%
Promoter holding post73.17%
Market cap₹200.90 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Emmforce Autotech IPO | — | 22.90 x | — | — |
| Victory Electric IPO | — | 30.41 x | — | — |
| Sellowrap Industries IPO | — | 11.44 x | — | — |
| CLN Energy IPO | — | 26.95 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees including underwriting commission | ₹0.25 Cr |
| Brokerage, selling, commission and upload fees including Validation Fees | ₹0.10 Cr |
| Registrar to the issue | ₹0.01 Cr |
| Legal Advisors | ₹0.02 Cr |
| Advertising and Marketing expenses | ₹0.18 Cr |
| Regulators including stock exchanges | ₹0.06 Cr |
| Printing and distribution of issue stationery | ₹0.02 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | ₹3.36 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-14.
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